Meanwhile, a subsidiary of Pines of Sarasota bought two warehouses as part of a $1.9 million package that also included an office building and eight acres of land just north of downtown Sarasota.

Executives at the nonprofit provider of housing and nursing home care for needy seniors said they were not ready to say what they planned to do with the property but noted that the deal will allow Pines of Sarasota to eventually expand its services.

<p><em>LAKEWOOD RANCH</em> - A company belonging to Sarasota developer Fred M. Starling has bought a 61,100- square-foot manufacturing warehouse in this master-planned community for $1.8 million.</p><p>Starling's 7040 LLC bought the property at 7040 Professional Parkway E. from Sitc Inc., a Sarasota company managed by commercial contractor John C. Cox III, records show.</p><p>Cox's company paid $515,300 for the land in March 2002 and completed the building that same year.</p><p>Starling's company financed its purchase with a $1 million loan from Investors Management Trust Inc.</p><p>Warehouse properties changed hands at a rapid clip during late 2012.</p><p>Last month, a Marco Island investor bought a 21,525-square-foot light-industrial warehouse on Cattlemen Road for $525,000, records show.</p><p>Also late in December, a Parrish company bought another light-industrial warehouse property.</p><p>Palomino Motors Inc. paid $350,000 for the 3,320-square-foot warehouse at 1900 67th Ave. E. in southern Manatee County.</p><p>Meanwhile, a subsidiary of Pines of Sarasota bought two warehouses as part of a $1.9 million package that also included an office building and eight acres of land just north of downtown Sarasota.</p><p>Executives at the nonprofit provider of housing and nursing home care for needy seniors said they were not ready to say what they planned to do with the property but noted that the deal will allow Pines of Sarasota to eventually expand its services.</p>